ExxonMobil Is A Buy - Just Not Yet
strong>By The Dumb Money:ExxonMobil (XOM) is my oldest current holding, and was one of the very first, if not the very first stock I ever purchased, way back in 1998. When I first bought in, Exxon had not yet purchased Mobil, Celine Dion's "My Heart Will Go On" was topping the charts, people were in love with tech stocks, and dinosaurs roamed the Earth.My original investment in mid-1998 has just crushed the market, up around 130%, not including all of the dividend reinvestment, as opposed to the S&P, which is up around 28.5%, again not including dividends. For the first time since 1998, I added in 2010-2011, mostly in the $59-$70 range. Today the stock is at $84. As with all of my recent articles, I am reevaluating my current holdings to see whether I think XOM is a buy, a hold, or a sell. I conclude that XOM is a monster,Complete Story »
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